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Financial Obstacles Faced By Micro, Small And Medium Enterprises In The South Pacific

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Executive Summary

Globally, there is an increased recognition of the important role played by Micro, Small and Medium Enterprises (MSMEs) in the economic development of a country. Similarly, in the South Pacific region, MSMEs is the main engine behind the economic growth. In particular, MSMEs is one of the biggest contributors to GDP, employment and plays a core role in the supply chain of large businesses. One of the major problems faced by MSMEs in South Pacific Island countries is lack of finance to advance business growth.

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